NDLI: Public Procurement, Regional Integration and the Belt and Road Initiative

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Public Procurement, Regional Integration and the Belt and Road Initiative

Content Provider	Scilit
Author	Ghossein, Tania M. Hoekman, Bernard Shingal, Anirudh
Copyright Year	2019
Description	Journal: SSRN Electronic Journal China’s Belt and Road Initiative (BRI) is a mechanism through which countries can upgrade connectivity-related infrastructure, including through cross-border projects, complementing traditional sources of finance. An overarching goal of the BRI is to reduce trade costs between China and partner countries, in part by helping to integrate regional markets. The large-scale borrowing associated with BRI projects has given rise to potential debt servicing and sustainability concerns. The rate of return of BRI regional infrastructure projects depends in part on the integrity of public procurement processes and realizing value for money objectives. To date BRI projects financed by Chinese institutions have been largely awarded to Chinese companies. In this paper, we discuss good practices and policy options to enhance transparency of BRI procurement processes and achieve value for money, including through international cooperation among countries participating in the BRI.
Related Links	http://cadmus.eui.eu//bitstream/1814/63869/1/RSCAS_2019_63.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3446688
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.3446688
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2019-08-01
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal Area Studies Belt and Road Initiative Public Procurement Regional Integration International Cooperation
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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